Doing Business

Commercial & Residential Property

Cyprus offers a full range of properties for both commercial and residential use situated in key locations across the island.

While the exclusive, top-level market is currently the most sought after, the island has a good stock of properties available, from townhouses and apartments, to villas and seaside bungalows in five-star gated developments. Nicosia and Limassol are the main business centres. Office space is available in purpose-built office blocks, in converted houses or flats. A number of business centres also offer ready-to-move-into offices. They usually include fully equipped offices that are available on demand with flexible terms, meeting rooms and a receptionist service. Overall, rentals are around two-thirds of those charged for comparable commercial spaces in continental Europe, and offices, retail or other commercial space is widely available for purchase or for rent.

Office Rent


Average Rent Per Monthly

Rent Square Metre

Cyprus

€1,447

€13.00

Nicosia

€2,521

€15.00

Limassol

€1,710

€18.00

Larnaca

€1,268

€12.00

Paphos

€1,053

€12.00

Famagusta

€685

€10.00


Cyprus Residential Property Rent 


Average Monthly Rent

Rent per m2 per month

Apartments

€515.66

€5.33

Houses

€839.00

€3.00

Retail

€1,834.80

€15.06

Warehouse

€4,686.66

€2.26

Office

€1,852.54

€8.95

Nicosia Residential 


Average Monthly Rent

Rent per m2 per month

Apartments

€600.00

€6.00

Houses

€864.06

€3.46

Retail

€2,566.22

€22.00

Warehouse

€5,770.58

€2.89

Office

€3,327.09

€16.64

Larnaca Residential 


Average Monthly Rent

Rent per m2 per month

Apartments

€500.00

€4.62

Houses

€684.68

€2.74

Retail

€1,495.96

€12.82

Warehouse

€4,186.99

€2.09

Office

€1,552.46

€7.76

Famagusta - Paralimni 


Average Monthly Rent

Rent per m2 per month

Apartments

€345.43

€4.09

Houses

€610.51

€2.44

Retail

€885.57

€7.59

Warehouse

€4,206.82

€2.10

Office

€755.77

€3.78

Paphos 


Average Monthly Rent

Rent per m2 per month

Apartments

€346.30

€4.10

Houses

€648.49

€2.59

Retail

€1,318.08

€11.30

Warehouse

€3,590.65

€1.80

Office

€1,158.03

€5.79

Limassol 


Average Monthly Rent

Rent per m2 per month

Apartments

€700.00

€7.87

Houses

€938.18

€3.75

Retail

€2,521.58

€21.61

Warehouse

€4,885.86

€2.44

Office

€2,156.17

€10.78

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December 2020

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